Multilevel Marketing Merchant Account
Similarly to all other types of high-risk businesses, finding a dependable and reasonably priced multilevel marketing merchant account is no mean feat. Most payment processors will reject MLM applicants out of hand, without even looking at your paperwork, because many multilevel marketers before you have had unacceptably high ratios of customer disputes and chargebacks. In effect, you are guilty by association: because many guys who looked like you didn’t know what they were doing, you wouldn’t know what you are doing, too.
Well, at UniBul we happen to believe that every MLM marketer is unique and deserves consideration, even though the industry has produced its share of bad apples (but who hasn’t?). What is more, we specialize solely in working with high-risk businesses like yours — we don’t work with garden-variety, low-risk merchants at all. This concentration has enabled us to design a solid, reliable payment processing solution for multilevel marketers, both U.S.- and offshore-based ones, a solution that just works. Contact us today and let UniBul show you what we can do for you.
Once we’ve reviewed your information, and before we go any further, we will explain in detail what we can do for you and how we will do it. If, as is usually the case, there are multiple options available for you, we will explain what their positive and potentially negative sides are and will let you make a better informed decision. Once we start working on your application, it will be handled quickly and efficiently and the set-up of your multilevel marketing merchant account will be fast and simple. You can expect the process to be complete within one to two weeks.
We Love Multilevel Marketers
At UniBul, we have a solution for just about every MLM marketer, as long as you give us your best effort. Your particular set-up will be built to take account of a number of factors: credit card processing volume and length of history, chargeback and decline levels, geographical location, placement on the TMF, etc. To give an example, a domestic business would most likely be best served by a U.S.-based multilevel marketing merchant account. But if your chargeback ratio is on the high side or your business is placed on the TMF, an offshore set-up would be the most workable one. There are many possible combinations of factors and decisions will be made on a case-by-case basis.
So, in order to be able to build the best set-up for your business, we will need to know all you can tell us about your particular circumstances. Additionally, we hope to hear what you expect to get from us and we will do our best to make it happen. For instance, if you are looking for a second multilevel marketing merchant account, to go along with the one you currently have, we are just fine it, as long as we are getting enough of your processing volume.
UniBul’s MLM Application Process
Here is what we need from you to get the application process started:
- Application form. You can download it here (it’s a Word file, which will open in a separate window). Please fill it out thoroughly, sign and email it back to us, along with the other items listed below.
- Credit card processing statements with your latest payment processor for the most recent six months.
- Articles of Incorporation or a similar document.
- A copy of the business owner’s picture ID — a passport or some other national ID card.
- A copy of your business license.
- A voided business check; if unavailable, you can give us a bank letter.
- Your three most recent bank statements.
- A utility bill — no older than 30 days of the application date.
Once we start reviewing your application package, we may need some additional piece of documentation and we may also have a question or two about your business process. This is standard procedure, so please be ready to follow up promptly and help us wrap the process up as swiftly as possible.
Card Brands, Currencies and Payout
Our worldwide network of acquiring banks enables us to support acceptance of all major card brands and many smaller ones, as well as alternative payment options. Here is a sample of what you can choose from:
You will specify the settlement currency you prefer in the application form and we will accommodate your choice. At UniBul, we support settlement in a number of different currencies, including:
Your payout schedule will be decided on during the underwriting review, but our multilevel marketing merchant accounts usually get funded on a weekly basis, with daily payouts being available to qualified applicants.
Considerations for Merchants on the TMF
If your latest payment processor has added your business into the Terminated Merchant File (TMF) database (also known as the MATCH list), you should ask them to give you an explanation in writing. We will need this information prior to initiating the application process, as the set-up of a TMF account on our end is quite different from normal. Be advised that keeping quiet about the TMF placement will not make it go away and might actually be harmful, as we will inevitably learn about it during the review and will have lost valuable time working on the wrong solution.
There is a good probability that the application process will take slightly longer to run its course than what would be the case with a non-TMF set-up. That is because Visa and MasterCard have instituted special rules that regulate TMF merchant accounts and will penalize processors who don’t follow them. We may ask you to provide some additional documentation (like the TMF explanation letter) and answer a question or two, but apart from that, as far as you are concerned, the application process will feel much the same.
Once your multilevel marketing merchant account is approved and set up, you can once again start taking credit cards from your customers, much as you did before the unfortunate TMF placement. Your account will be monitored more closely than before and so you will want to make sure everything is done properly and information is well organized. If you do that, and make sure you are always in compliance with the terms and conditions of your contract, you will be just fine.
The UniBul Advantage
There are many reasons why a processor might not be too eager to work with multilevel marketers, even with the better qualified among them, those who have established a solid track record of processing credit cards in a responsible fashion. This is just the way it is.
Yet, there are also processors who have made it their speciality to work with high-risk businesses and they are always looking for new merchants to sign up. They may be more detailed when examining your application paperwork and will need your help during the underwriting review to a greater degree than their mainstream counterparts. These are the processors which can get the job done and at UniBul we are able, willing and just can’t wait to set up your multilevel marketing merchant account!
Get Started Now!
To get the process started, you can download our multilevel marketing merchant account application form by visiting the link above, fill it out and send back to us, along with the other documents we mentioned. The other option, and that might be the better way to go about it for most of you, is that you fill out the very short form that opens when you click on the button below, give us some basic information about your business, and we will get right back to you with some details on what we can do for you.
What Our Customers Are Saying
UniBul is ranked based on 159 user reviews.
UniBul enables American and international businesses to accept payments for the things they sell on their websites.
